British Airways fined £300 million

British Airways was today fined almost £300 million for price fixing.

BA had colluded with Virgin Atlantic on at least six occasions between August 2004 and January 2006, the OFT said. During that time, surcharges rose from £5 to £60 per ticket.

Surcharges were added to passenger fares in response to rising oil prices. BA's chief executive Willie Walsh insisted that passengers had not been overcharged because fuel surcharges were "a legitimate way of recovering costs". undefined undefined undefined undefined undefinedundefined

Virgin has been given immunity after it reported the collusion and is not expected to be fined, the OFT said.
 
BA now faces the possibility of legal challenges by customers on both sides of the Atlantic who believe they lost money as a result of the collusion.
 
The company also lost its IC9700 ethical certification after an investigation found a lack of proper controls at all levels of the business.
 

 


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